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Proactive news snapshot: Berkeley Energia, Integumen, Highlands Natural Resources …

Published: 00:30 29 May 2019 AEST

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Berkeley Energia Ltd (LON:BKY)(ASX:BKY) has told the Australia Securities Exchange it knows of no reason why its shares rose significantly in trading on 28th May. The company did make reference in its response to the query from the Securities Exchange to recent municipal elections in Retortillo, Spain, where the People's Party now hold four of the five council seats.

The commercial traction is building under Integumen PLC’s (LON:SKIN) Labskin AI, with the company landing three new contracts worth £290,000 in total. To accommodate the new business announced on Tuesday, and the pipeline of potential orders, Integumen is increasing its laboratory capacity by 50%.

Highlands Natural Resources PLC (LON:HNR) has appointed chemist Stephen Goldman as a consultant to develop and file patents on behalf of the company’s cannabis subsidiary Zoetic.

Silence Therapeutics PLC (LON:SLN) has been given access to part of a genetic database as it bids to find treatments for rare diseases and ailments. Genomics England has whole sequencing data on 100,000 genomes.

Sativa Investments PLC (AQSE:SATI) has inked a commercial offtake agreement with Portuguese cannabis oil supplier, MeridianTulip – Empresa Medicinal Lda, for the UK manufacture of cannabidiol (CBD) products.

Frontier IP Group PLC’s (LON:FIPP) portfolio firm, Fieldwork Robotics, has completed initial field trials of its raspberry-picking robot system at a farm owned by leading soft-fruit grower Hall Hunter.

Gaming platform group Nektan PLC (LON:NKTN) has expanded its partnership with BetVictor and will create a new set of branded slot games for the bookmaker.  The games are being developed in collaboration with ReelFeel Gaming and will be accessible via Nektan's Open RGS platform where BetVictor already has games integrated.

Premier African Minerals Limited (LON:PREM) has terminated discussions with KME Plant Hire over a long form drilling contract for its Zulu Lithium project in Zimbabwe. The AIM-listed firm said the two parties had been unable to conclude a revised pricing structure for the drilling that was commercially acceptable to both, and as a result it had terminated discussions with KME and would urgently reopen negotiations with a previous contractor with a view to recommencing drilling activities at the project.

ADES International Holding PLC (LON:ADES) has highlighted a strong start to the year, with the oil and gas services business performing in line with expectations. "We delivered a strong operational performance in the first quarter of the year, significantly accelerating revenue growth which increased by almost threefold compared to Q1 2018,” said Dr Mohamed Farouk, ADES chief executive.

Bluejay Mining PLC (LON:JAY) has reached agreement with Rio Tinto Iron and Titanium Canada for the further analysis of ore from the Dundas project in Greenland. Rio Tinto and Bluejay are currently in talks about a commercial agreement relating to Dundas, although there is no guarantee at this stage that a deal will be done.

Canadian Overseas Petroleum Limited (LON:COPL) has topped up its working capital with a £497,000 share placing, as it continues to progress field development and financing planning for the OPL 226 project in Nigeria. The company will be issuing 497mln new shares priced at 0.1p each to investors via the placing arranged by Shard Capital.

Asiamet Resources Ltd (LON:ARS) is raising US$2mln via a placing of shares to key shareholder ASIPAC, a diversified investment group based in Melbourne. The shares are priced at 4.25p each.

Vast Resources PLC (LON:VAST) has updated on its operations including its pre-development work in Romania. The company has engaged SRK Consulting which will provide scoping studies, preliminary economic assessments and/or preliminary feasibility studies for the assets in the Romania.

AfriTin Mining Ltd (LON:ATM) has commenced a phased commissioning process for the pilot processing plant at its Uis tin mine in Namibia. At the same time, the mining contractor has been mobilised, water and power infrastructure has been put in place, and resource validation drilling has been completed.

Albert Technologies PLC’s (LON:ALB)  revenues have been on par with 2018 in the first four months of the current year. The AI-based advertising analytics group said while it was seeing its pipeline of opportunities grow, ramping up activity with larger clients was taking longer than expected.

OptiBiotix Health PLC (LON:OPTI) has appointed former DuPont executive Stephen Prescott as chief executive officer (CEO) of its wholly-owned subsidiary, ProBiotix Health.

ClearStar Inc (LON:CLSU) has appointed its interim finance chief, Jennifer Balleza, as its permanent chief financial officer with immediate effect.

Jersey Oil & Gas PLC (LON:JOG) told investors that it has agreed to a full and final settlement payment from Total after a farm-in partnership termination in 2013. It will receive £750,000 from the French oil giant's UK E&P arm. The settlement is the result of the termination of a farm-in partnership for licence P2032.

Baker Steel Resources Trust Limited (LON:BSRT) announced, late on Friday, the appointment of David Staples as an independent non-executive director of the company, and said he has been elected chairman of its Audit Committee. The firm pointed out that Staples worked for PWC for 25 years, including 13 years as a partner.

Custodian REIT PLC (LON:CREI), the UK commercial real estate investment company announced that, to satisfy continued investor demand, it issued 1.5mln new ordinary shares in the company on 24 May 2019 under its ordinary share block listing facility. The group said the new shares were issued at 118p each, raising £1,77mln before costs and expenses. Shares in Custodian REIT were trading at 18.40p.

ValiRx Plc (LON:VAL) said it is now in advanced discussions with European High Growth Opportunities SF to terminate the entire subscription agreement that was announced on 26 April 2019, following a delay to the issue of the Tranche 2 shares, and enter into a new convertible bond facility with the investor.

The company formerly known as SDX Energy Inc has confirmed the completion of its re-domicile transaction which saw an exchange of shares and a subtle renaming to SDX Energy PLC (LON:SDX).

Thor Mining PLC (LON:THR) (ASX:THR) said an updated presentation for shareholders has been uploaded to the company's website.

Australian Strategic Materials signs US$600 million LoI

Rowena Smith, CEO and managing director of Australian Strategic Materials Ltd (ASX:ASM, OTC:ASMMF), joins Jonathan Jackson in the Proactive studio to discuss the company’ s Dubbo Project, in Central West New South Wales. This project aims to extract and process critical minerals and rare earth...

4 hours, 1 minute ago